Golden Dawn Commences Dewatering and Rehabilitation of Lexington Mine
28 September 2017 - 5:08AM
Wolf Wiese CEO of Golden Dawn Minerals Inc., (TSX-V:GOM)
(FRANKFURT:3G8A) (OTC:GDMRF) (the “Company” or “Golden Dawn”)
provides the following update on activities at the Greenwood
Precious Metals Project.
Lexington Mine
Yesterday the Company has given the required 72 hours’ notice to
the BC Ministry of Environment that mobilization of equipment and
crews are nearing readiness to commence dewatering the Lexington
mine. The Company currently has a mine contractor on site and is
working with its environmental consultant to carry out this project
according to required conditions. The primary dewatering program is
estimated to take approximately four weeks, with discharge at up to
1,000 cubic meters per day, and will be followed by continual
dewatering at up to 35 cubic meters per day. The mine is accessed
from two declines, which will be rehabilitated as the mine is
de-watered.
View Lexington Mine image at
http://www.goldendawnminerals.com/Lexington_Mine.jpg
Once the mine is pumped out, permanent mine services, including
mine electrical and ventilation can be installed to facilitate
underground mine operations. Initial work will consist of
mapping and sampling of the workings and definition drilling to
validate the resources and support a test mine program
design. Test mining would provide mill feed for the Greenwood
Process Plant.
Exploration Program
Exploration drilling continued in late August at
the Golden Crown property, which hosts the Company’s processing
plant and tailings facility. Drilling is currently underway to
verify, infill and extend the known mineral resources on the
property. Fifteen holes have been completed to date. This work is
being undertaken in anticipation of permitting the Golden Crown
mine in the second half of 2018. Also during this season, the
Company’s geological personnel have been prospecting numerous
historic mine sites and mineral showings, in order to delineate
further drill targets with a view to increase mill feed tonnage
over the ensuing years. All historic mines and active mines are
within a 15-km radius of the Company’s mill.
A limited surface diamond drilling program was completed at the
May Mac mine after the successful and extensive underground drill
program completed in late spring of this year. A total of 1,886
metres were drilled in 8 holes from surface. The holes tested the
northwest strike continuation of the Skomac vein system, with
mineralized quartz veins intersected in 7 of 8 holes, and
disseminated copper mineralization intersected in the overlying
rock unit. Significant assay results were obtained in hole BF17-03,
which intersected 1.13 g/t gold, 23.0 g/t silver and 0.7% lead over
0.36 meters between 204.34 and 204.7 meters depth. Previously
unknown copper mineralization was intersected in hole BF17-08
between 45.0 and 45.79 metres (0.79m), which contained 0.24%
copper.
The drilling results indicate the vein system extends
significantly beyond the mine workings to at least 215m to the
northwest from the termination of the level 7 drift. Further
drilling is warranted to test the structure for mineralized
shoots. Due to the topography of the area, the vein system is
covered by an increasing thickness of cover rocks along the
northwest strike extension. This results in increased costs and
difficulty in targeting the veins at depth. As such, the Company
will conduct follow-up drilling from underground. A permit
application for extension of the 7 level of the mine and
underground diamond drilling has been submitted to request approval
for this program to proceed. The Company has concluded that focus
on extracting mill feed from the Lexington mine and processing in
our facility are of highest priority.
MILL REACTIVATION
The Company has received cost estimates to
restart the Company’s Mill, and the consensus from contractors is
that the facility is in excellent shape, and refurbishment will
cost approximately $270,000 and take 3 to 5 weeks to be operable.
It is anticipated that work will commence to restart the mill
post-dewatering of the Lexington Mine to coincide with anticipated
mill feed from the Lexington Mine.
View Greenwood Mill image at
http://www.goldendawnminerals.com/Greenwood_Mill.jpg
Drilling samples reported above were collected
under the supervision of Dr. Mathew Ball, P.Geo. and delivered to
Bureau Veritas Minerals laboratory in Vancouver, B.C. Bureau
Veritas is an independent commercial laboratory that is ISO 9001
certified. Analyses for gold were by the fire assay method using 30
gram samples with an ICP-ES finish. Duplicate gold analyses were
performed on samples containing abundant visible sulphide
mineralization. Silver and other elements were analyzed by ICP-ES
using a near total, four acid digestion. Quality control was
monitored using reference and blank samples inserted into the
sample sequence at intervals. Check analyses are being performed on
selected samples.
Technical disclosure in this news release has been approved by
Dr. Mathew Ball, P.Geo., a Qualified Person as defined by National
Instrument 43-101, and Chief Operating Officer of the Company.
On behalf of the Board of Directors,GOLDEN DAWN MINERALS
INC.
Wolf Wiese, President & Chief Executive
Officer
For further information, please
contact:Corporate Communications604-221-8936
allinfo@goldendawnminerals.com
Renmark Financial Communications Inc. Barry
Mire: bmire@renmarkfinancial.comTel.: (416) 644-2020 or (514)
939-3989 www.renmarkfinancial.com
This press release was prepared by management
who take full responsibility for its content. Neither the TSX
Venture Exchange nor its regulation services provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This
document contains certain forward looking statements which involve
known and unknown risks, delays, and uncertainties not under the
Company’s control which may cause actual results, performance or
achievements of the Company to be materially different from the
results, performance, or achievements implied by these forward
looking statements. We seek safe harbor.
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